Question

Asked Sep 18, 2019

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A mutual fund has a rate of return for five years of 10%, 14%, 10%, and 22% . Calculate the geometric mean. Round to the nearest tenth of a percent.

Step 1

Geometric mean: It is the average of a set of observations and is generally used for calculating growth rates like growth rates of population, bonds etc.

The formula for calculating Geometric rate of return is shown above:

Step 2

The table showing rate of return for is as follows:

Step 3

The Geometric Mean is calc...

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